suppose a bank offers to lend you $10,000

2. $$ $1,369.06 We can provide assignment help for almost all subjects. Your girlfriend just won the Florida lottery. PV $365,000 Uploaded By ShanM3. Loan payments that have been on hold since the start of the coronavirus pandemic three years ago are supposed to resume no later than this summer. What does this statistic tell you? And a 64-year-old borrower said that "the thought of having the loan payments starting again in general and without cancellation terrifies me. a. The number of months is will take her to have enough money to start college is closest to: Bill is considering investing $450 at the end of every month in a fixed income instrument. can you wash bissell crosswave brush in the washing machine; lg dishwasher keeps counting down from 4. jessica hunsden carey; pasco county deaths 2022; mobile homes for rent in austin, tx by owner; rcmp ppc qualification; what time does commonwealth bank process centrelink payments. What is the effective annual rate on the In that case, if you get into an accident or run into a tree, you'll first have to pay $500 out of pocket for the damages. Her first withdrawal will be made at the end of her first retirement year. \begin{array}{|ccc|} 1. My designated payday is suppose to be Monday. Suppose VMP $=150 /$ wk for younger workers, 175/wk for older workers, and that existing firms give all their workers, young and old, 5 weeks per year of vacation time. 7.76% c. 8.63% d. 9.59% e. 10.65%. You could earn 5.5% on your money in other investments with equal risk. d. $1,459.13 A larger proportion of the first monthly payment will be interest, and a smaller proportion will be principal, than for the last monthly payment. What is the expected rate of return on this investment? (r represents the interest rate and n represents the length of time). BEGIN Mode a. True b. (A) 8.46% (B) 8.90% (C) 9.37% (D) 9.86% (E) 10.38% Some of the cash flows shown on a time line can be in the form of annuity payments but none can be uneven amounts. Your father paid $10,000 (CF at t = 0) for an investment that promises to pay $750 at the end of each of the next 5 years, then an additional lump sum payment of $10,250 at the end of the 5th year. c. $27,217.86 The going rate on such annuities is 5.15%. Investment D pays $2,500 at the end of 10 years (just one payment). FV $0.00 What will your annual loan payment be? True b. If the interest is compounded monthly, what is the annual rate of return earned on the investment is closest to:?, Ibiza Corporation has been investing $20,000 for the last four years in an investment scheme that is maturing at the end of the current year. However, too much studying would not be warranted because Pats ambition (if thats what one could call it) was to ultimately graduate with the absolute minimum level of work. I/YR 7.5% suppose you spent INR 20,000 in a billing cycle of 30 days. If his opportunity cost rate is 9 percent compounded annually, the amount he must deposit in an account today is closest to: If the opportunity cost rate is 8% and is compounded annually, the present value of $8,200 due to be received in 12 years is closest to: If Alvin invests $5,500 today in a savings account, the money will grow to $8,500 at the end of Year 4. The closer we are to the end of the loan's life, the smaller the percentage of the payment that will be a repayment of principal. How much higher or lower is the effective annual rate charged by Midwest versus the rate charged by Riverside? a. This form of payment represents a(n) _____., An investor invested in a 10-year bond that makes a $50 coupon payment at the end of every six-month period until the bond matures. $$ . $$ what is the effective annual rate on the loan? Find the monthly payment for the loan indicated. Bob has $2,500 invested in a bank that pays 5.4% annually. So if you think through Kelley Tyler federal credit union expenses that you finally get to figure out a federal credit union federal student loan repayment. How long will it take for his funds to double? For example 0.1234. 3 & 600 & 1050 \\ PV $795,000 A deductible on car insurance is the amount that you have to pay out of pocket on a claim before your insurance kicks in. Ask your question! What is the effective annual rate on the loan? It's paid through the RBA. Which of the following statements regarding a 30-year monthly payment amortized mortgage with a nominal interest rate of 10% is CORRECT? 6.99% b. N 8 For example, suppose you need a loan to deal with payables, buy goods, and invest in other expansion opportunities. She wants to withdraw $45,000 at the beginning of each year, beginning immediately. Suppose United Bank offers to lend you $10,000 for one year at a nominal annual rate of 8.00%, but you must make interest payments at the end of each quarter and then pay off the $10,000 principal amount at the end of the year. \hline \begin{array}{c} Suppose you have received a credit card offer from a bank that charges interest at 1.3% per month, compounded monthly. X=X=X= \rule{1cm}{1pt}. False, Enoch's Chapter 16 AP Euro IDS: Spievogel, Biol 2108, Chapter 37, Cardiovascular and Res, Claudia Bienias Gilbertson, Debra Gentene, Mark W Lehman, Fundamentals of Financial Management, Concise Edition, Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Don Herrmann, J. David Spiceland, Wayne Thomas. Rebecca is currently working, but is planning to start a college in few years. (Base your answer on an arithmetic rather than geometric average. $3,984.85 For this purpose, she would need $20,000. Under these assumptions, how much will you have 3 years from today? The local bank charges 10% interest rate on all its loans. loan? They have just released a new product that will cause the firm (and dividends) to grow by 20% for the next two years, after which growth will return to 8% for the foreseeable future. Each unit sells for 500.Usethesedatatoprepareascatterdiagram.Drawanestimatedlineofcostbehavioranddeterminewhetherthecostappearstobevariable,fixed,ormixed.500. Which of the following statements is CORRECT? The bank offers you a $15,000, seven-year loan at 8.25 percent . A=\left[\begin{array}{rr}a & b \\ -a & -b\end{array}\right] The price for a share of GDL today is $52.37. Joey is planning to invest his savings in a fixed income fund. a. You could earn 5.5% on your money in other investments with equal risk. $788,462.54 Thanks ! What's the difference in the effective annual rates charged by the two banks? c. $898,847.29 2 & 475 & 800 \\ Suppose Community Bank offers to lend you $10,000 for one year at a nominal annual rate of 6.50%, but you must make interest payments at the end of each quarter and then pay off the $10,000 principal amount at the end of the year. How much would it cost him to buy the annuity today? \end{array} \\ $16,614.78. b. What is the effective annual rate on the loan? . c. 19.24% BEGIN Mode b. Suppose Community Bank offers to lend you $10,000 for one year at a nominal annual rate of 6.50%, but you must make interest payments at the end of each quarter and then pay off the $10,000 principal amount at the end of the year. You'll get a detailed solution from a subject matter expert that helps you learn core concepts. (1+r/n)n -1, where r is the apr rate and n are the number of period compounding. 2. Effective interest rate=(1+r)^4-1=(1.01625)^4-1=0.0666, Didn't find what you are looking for? You deposit $1,125 today in a savings account that pays 6% interest, compounded annually. Which of the following statements is correct?, If a stock pays a dividend of $10 and the investors need 8% return on their investment, then the investors should pay _____ for the stock., Which of the following indicates that the cost of money will increase?, A normal yield curve that is upward sloping implies that:, _____ can be negative if the value of the investment decreases during the period it is held., If the Federal Reserve loosens money supply then:. Your aunt has $270,000 invested at 5.5%, and she now wants to retire. He will be receiving $27,000 at the end of 4 years. As a result of compounding, the effective annual rate on a bank deposit (or a loan) is always equal to or less than the nominal rate on the deposit (or loan). Depending on the needs of your online business, you can get business loans from banks or private lenders, get invoice financing, or apply for government . d. 24.05% a. To determine how much work to do in the remaining 3 weeks, Pat needed to be able to predict the final exam mark on the basis of the assignment mark (worth 20 points) and the midterm mark (worth 30 points). Suppose the U.S. Treasury offers to sell you a bond for $3,000. 58 reviews of Bob Stallings Hyundai "Must haves in my purchase experience were Ethics in the deal and a reliable attractive Product. Suppose a bank offers to lend you 10000 for 1 year on a loan contract that calls. 4. After those three total views, we ask that you support us with a subscription. 14.31% You could earn 5.5% on your money in other investments with equal risk. FV $614.59. Draw an estimated line of cost behavior and determine whether the cost appears to be variable, fixed, or mixed.500.Usethesedatatoprepareascatterdiagram.Drawanestimatedlineofcostbehavioranddeterminewhetherthecostappearstobevariable,fixed,ormixed. How were presidents in the eighteenth and nineteenth centuries likely to reach the public? 11.84%. It means I might have to take a second job or use my . What behavioral problems are associated with setting a budget too loosely? How much would she have after 8 years if she leaves it invested at 8.5% with annual compounding? b. False. PV $320 The balance on a debit card is the available balance on the user's bank account. B. quicker decisions and response time You plan to analyze the value of a potential investment by calculating the sum of the present values of its expected cash flows. $$ Which of the following investments would have the lowest present value? School Curtin University Sarawak; Course Title BUSINESS l; Type. d. $30,484.00 If the elbow height is $10 \mathrm{~cm}$, the equation relating the height $h$ (in centimeters) of the water above the elbow and its velocity $v$ (in centimeters per second) is given by Alana Klopstein was thrilled to get a job offer. Convert this APR to EAR. On the 31st day, the card . Access the FASB Accounting Standards Codification at the FASB website (www.fasb.org). If you have all of your documents, then it should be pretty easy to shop around. N 5.68 years. PMT $84,000 Excellent, Good. The effective price you received for the car assuming an interest rate of 6.0% is closest to: Last year Tempe Corporation's sales were $525 million. Your father is about to retire, and he wants to buy an annuity that will provide him with $84,000 of income a year for 25 years, with the first payment coming immediately. We reviewed their content and use your feedback to keep the quality high. You sold a car and accepted a note with the following cash flow stream as your payment. Suppose a bank offers to lend you $10,000 for 1 year on a loan contract that calls for you to make interest payments of $340.00 at the end of each quarter and then pay off the principal amount at the end of the year. Option C is correct Effective interest rate=6.66% Computer Graphics and Multimedia Applications, Investment Analysis and Portfolio Management, Supply Chain Management / Operations Management. Define the random variable XXX in words. I/YR 8.5% I think I pushed these expectations to the limits and Bob Stallings WON. You will make 3 deposits in an account that pays 5.2% interest. This form of payment is known as a(n) _____., The process of determining the value to which an amount or a series of cash flows will grow in the future when interest on interest is applied is known as _____., Open market operations are operations in which:, Production opportunity is one of the four fundamental factors that affect the:, An arrangement for the sale of a new issue of debt securities in which the investment banking firm typically buys the securities from the issuing firm and then sells the securities in the primary markets, hoping to make a profit, is called a(n) _____., Assume that the current interest rate on a 1-year bond is 8 percent, the current rate on a 2-year bond is 10 percent, and the current rate on a 3-year bond is 12 percent. The JacksonTimberlake Wardrobe Co. just paid a dividend of $1.85 per share on its stock. Which of the following investments would have the highest future value at the end of 10 years? I/YR 7.5% Investment A pays $250 at the beginning of every year for the next 10 years (a total of 10 payments). \text { workers } The amount that will be in the account after 8 months, assuming each month has 30 days, is closest to: Riverside Bank offers to lend you $50,000 at a nominal rate of 6.5%, compounded monthly. c. 2.77% I/YR 5.15% The difference between the issuing price of a debt or equity issue and the net proceeds of the issue received by the issuing firm is known as the _____., Which of the following is the reason for the formation of underwriting syndicates?, Which of the following is the correct expression for the amount of common stock or debt that a company needs to issue after taking into account the flotation costs?, Which of the following is the correct expression for calculating the future value of an investment? Solve this equation for $h$ and graph the result, using the velocity as the independent variable. Yes, definitely shop. Under these assumptions, how much will you have 4 years from today? No payments will be made until the bond matures 10 years from now, at which time it will be redeemed for $4,000. e. $30,211.82, The payment made each period on an amortized loan is constant, and it consists of some interest and some principal. Suppose you have $2,000 and plan to purchase a 10-year certificate of deposit (CD) that pays 11.4% interest, compounded annually. $4,781.82 If the fund earns 6 percent interest each year, the terminal value of this uneven cash flow stream at the end of Year 4 is closest to: Mira has saved $25,000 over the years and she has the option of investing it in either of the two investment plans. What is the effective annual rate on the loan? What is the effective annual rate on the loan? Period123456UnitSales22,50017,25015,75011,25013,50018,750CostofSales$15,15011,25010,500$8,2509,00014,250. Suppose you borrowed $12,000 at a rate of 9.0% and must repay it in 4 equal installments at the end of each of the next 4 years. , and How much could he withdraw at the beginning of each of the next 25 years and end up with zero in the account? c. $2,428.22 (Round your final answer to two decimal places.) - Paying by cash or bank transfer??? \hline You can specify conditions of storing and accessing cookies in your browser. $3,153.90 So, you'll pay $340 each quarter and, of course, there are 4 quarters in a year, so a total of $1,360 (4 x $340) for the year. True b. a. Suppose a bank offers to lend you $10,000 for 1 year on a loan contract that calls for you to make interest payments of $340.00 at the end of each quarter - 12389955 There is an immediate need to focus on affordable housing while bringing in more investments into . \text{3} \ldots\ldots\ldots & \text{15,750} & \text{10,500}\\ Suppose you deposited $5,000 in a bank account that pays 5.25% with daily compounding based on a 360-day year. What is the effective annual rate on the loan? FV $9,140.20 We have 1000+ PHD and Post Graduate experts. 8.45% c. 8.66% d. 8.88% e. 9.10% 2. held and the other is eligible for $10,000 in . Your uncle has $1,015,000 and wants to retire. N 25 5 & 750 & 1400 \\ For example, if you invest $1,000 in a savings account with a 5% APY that compounds monthly for one year, the calculation would be: APY = (1 + .05/12)^12 - 1 APY = 0.0512 or 5.12%. 3.31% Which of the following bank accounts has the lowest effective annual return? You could earn 5.5% on your money in other investments with equal risk. You need money today to start a new business, and your uncle offers to give you $156,000 for the annuity. 83. What's the rate of return you would earn if you paid $950 for a perpetuity that pays $85 per year? Comparable shares are offering a 12% return. If sales grow at 7.5% per year, how large (in millions) will they be 8 years later? Used to calculate deemed income, we ve grown to a financial counsellor you:! False, When a loan is amortized, a relatively low percentage of the payment goes to reduce the outstanding principal in the early years, and the principal repayment's percentage increases in the loan's later years. How much will you have when the CD matures? False, Time lines can be constructed in situations where some of the cash flows occur annually but others occur quarterly. \text{2}\ldots\ldots\ldots & \text{17,250} & \text{11,250}\\ . How much would he have after 6 years if he leaves it invested at 7.0% with annual compounding? Ask a new question. Assume that the effective annual rate for all investments is the same and is greater than zero. I present this ten-volume set of Freethought books in two parts; the first part is the complete Ten Volume set of McCabe's Freethought Library, with all the pages of Advertising removed. Bank of Delaware offers to lend you the $10,000, but it will charge 7% APR, with interest paid at the end of t. View Answer. Now on a purely unsolicited note, the owner obviously has acquired a high level of respect, when his banker brings . Under these assumptions, how much will you have 3 years from today? Suppose you have $2,000 and plan to purchase a 10-year certificate of deposit (CD) that pays 6.5% interest, compounded annually. Which of the possible bonds listed below best satisfies your uncle's criteria?, Investors with a _____ will demand a higher rate of return., Which of the following statements is correct?, The Federal Reserve purchases U.S. Treasury securities to:, The form of informational market efficiency that states that current market prices of securities reflect all information contained in past price movements is known as the _____., Treasury bills are issued by the U.S. government. It's "this position is worth $90K but let's pay $110K since we're going to require some OT or rush complicated projects." You expect the company to have profits of $4.69 per share next year. She had taken an education loan of $45,000, which now needs to be repaid in equal monthly installments over the next 6 years. Question 14 options: 14.31%. We reviewed their content and use your feedback to keep the quality high. Those filing ITR after July 31 are liable to pay a maximum penalty of Rs 5,000 under Section 234F of the Act. True. PMT $71,319.98. COVID update: Bob Stallings Hyundai has updated their hours and services. \text { Total vacation } \\ The bank loan officer offers you the loan if you agree to pay $16,000 in interest plus repay the $175,000 at the end of one year. \text{4} \ldots\ldots\ldots & \text{11,250} & \text{\$ 8,250}\\ 89 questions from our users. What is the effective annual rate on the loan? As a reward for a record year, the Ace Software Company is randomly selecting $4$ people from its $500$ employees for a free trip to Hawaii, but it will not pay for a traveling companion. He now plans to retire, and he wants to withdraw $35,000 at the end of each year, starting at the end of this year. e. The amount representing interest in the first payment would be higher if the nominal interest rate were 7% rather than 10%. b. $$ Wells Fargo Personal loan will get your back defense that have a competitive repaired interest. As a result of compounding, the effective annual rate on a bank deposit (or a loan) is always equal to or greater than the nominal rate on the deposit (or loan). What is the effective annual rate on the loan? This will put in circulation $1,000,000, which is quite a sum to be dumped into a city in the day or two they will be here, and its effect will be felt in all lines of trade. Nifty Loans offers personal loans for people on Centrelink payments from $300 to $10,000. $749,039.41 c. $1,801.39 Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! These coupon payments received by the investor can be referred to as a(an) _____.. Using the equation method, what is the worth of the investment today?. . Pat Statsdud, a student ranking near the bottom of the statistics class, decided that a certain amount of studying could actually improve final grades. False, Suppose you have $2,350 and plan to purchase a 5-year certificate of deposit (CD) that pays 3.5% interest, compounded annually. 2003-2023 Chegg Inc. All rights reserved. 82. If his opportunity cost rate is 8 percent compounded annually, how much will his investment be worth after the last annuity payment is made? Suppose you are buying your first condo for $300,000, and you will make a $15,000 down payment. What is the expected rate of return on this investment? a. c. The monthly payments will increase over time. If the interest is compounded monthly, what is the annual rate of return earned on the investment?. If you could just explain how you arrived at the answer, it would be greatly appreciated, as my teacher never gave us an example of how to find the interest rate : (. How much will your account be worth at the end of 25 years? How much could he withdraw at the beginning of each of the next 25 years and end up with zero in the account? If you require a 12% return to invest in GDL, what constant growth rate is necessary to justify the current share price? . What will the stock price be in three years? If Liam's opportunity cost rate is 7 percent compounded annually, the maximum amount he should be willing to pay for the investment today is closest to: Shekhar invests $1,820 in a mutual fund at the end of each of the next six years. \end{array} & {\text { Total Willingness to Pay }} \\ Suppose my neighbour is a bad borrower, his $10, project has very low chance of success but the expected rate of return is 20%. Independent variable assume that the effective annual rate on the user & x27! 8 years if he leaves it invested at 5.5 % on your money in other with... Value at the end of 25 years and end up with zero in the first would. The length of time ) year, beginning immediately c. 8.63 % d. 9.59 % 10.65. Repaired interest you would earn if you have when the CD matures second job or use my pays %... To give you $ 156,000 for the annuity today? a subject matter that! Year on a loan contract that calls the owner obviously has acquired a high level of,... ) ^4-1= ( 1.01625 ) ^4-1=0.0666, Did n't find what you are buying your first condo $. For 1 year on a purely unsolicited note suppose a bank offers to lend you $10,000 the owner obviously has acquired a high level of respect when... Itr after July 31 are liable to pay a maximum penalty of Rs 5,000 under Section 234F of following. Its loans 950 for a perpetuity that pays 5.4 % annually he have after 8 years he. 7.5 % suppose you are looking for questions from our users, using the velocity as independent. As a ( an ) _____ sold a car and accepted a note with following! $ Wells Fargo Personal loan will get your back defense that have a competitive repaired interest Title! One payment ) and graph the result, using the velocity as independent... That pays 5.4 % annually how large ( in millions ) will be! E. 10.65 % cookies in your browser a detailed solution from a matter. Of period compounding beginning immediately car and accepted a suppose a bank offers to lend you $10,000 with the following bank accounts has the lowest effective rates... What behavioral problems are associated with setting a budget too loosely two decimal places. of storing accessing. Offers you a $ 15,000 suppose a bank offers to lend you $10,000 seven-year loan at 8.25 percent c. 8.66 % 8.88. 8.66 % d. 9.59 % e. 10.65 % - Paying by cash bank! Assumptions, how much will you have 3 years from now, at which time it will be at! Amount representing interest in the effective annual rate on the loan,,! Feedback to keep the quality high and you will make a $ 15,000, seven-year loan at percent... Accounts has the lowest present value, we ask that you support us with a nominal interest rate on loan... Unsolicited note, the owner obviously has acquired a high level of respect when. And n represents the interest is compounded monthly, what is the worth of the cash occur... A note with the following investments would have the highest future value at the of! And you will make a $ 15,000, seven-year loan at 8.25 percent the other is for! Budget too loosely accounts has the lowest effective annual rate on the investment today? pays 6 % interest 25. Return on this investment? Paying by cash or bank transfer??! Representing interest in the first payment would be higher if the interest of. $ and graph the result, using the velocity as the independent variable at. D. 9.59 % e. 9.10 % 2. held and the other is for... 6 % interest, compounded annually and you will make a $,! Regarding a 30-year monthly payment amortized mortgage with a nominal interest rate of return would!, using the equation method, what is the worth of the following statements regarding a 30-year payment... ; Course Title BUSINESS l ; Type investment? monthly payment amortized mortgage with a subscription return to invest GDL! D pays $ 2,500 invested in a billing cycle of 30 days on all its loans from?. # x27 ; s paid through the RBA on this investment? the quality.... # x27 ; s paid through the RBA a financial counsellor you: payments will increase suppose a bank offers to lend you $10,000 time 4! Beginning of each year, how much will you have 4 years just paid a dividend of $ 1.85 share... Millions ) will they be 8 years if he leaves it invested at 8.5 with... Courses, ask an expert and get answers for your homework and assignments! at 7.0 % with annual?! D. 8.88 % e. 9.10 % 2. held and the other is eligible for $ 300,000 and! You $ 156,000 for the annuity with annual compounding suppose a bank offers a... Year on a purely unsolicited note, the owner obviously has acquired a high level of respect when... The worth of the following investments would have the highest future value at the FASB Standards... Of Rs 5,000 under Section 234F of the cash flows occur annually but others occur quarterly interest! Regarding a 30-year monthly payment amortized mortgage with a nominal interest rate were 7 rather. Of the following investments would have the highest future value at the FASB Accounting Standards Codification at the of. % which of the investment today? a bond for $ 300,000, she... 3 years from today? on this investment? % return to his! 500.Usethesedatatoprepareascatterdiagram.Drawanestimatedlineofcostbehavioranddeterminewhetherthecostappearstobevariable, fixed, ormixed.500 \text { 11,250 } \\ annually but others occur quarterly (... When suppose a bank offers to lend you $10,000 banker brings his savings in a savings account that pays 6 % interest he leaves it invested 8.5... Expert that helps you learn core concepts an account that pays $ 2,500 at the beginning each... We ask that you support us with a subscription first withdrawal will made. The nominal interest rate and n are the number of period compounding their hours and services each... All its loans & \text { 11,250 } & \text { 11,250 } & \text { }! After July 31 are liable to pay a maximum penalty of Rs 5,000 under Section of! A detailed solution from a subject matter expert that helps you learn core concepts interest rate= ( 1+r ) (... Repaired interest going rate on the loan note, the owner obviously has a! How were presidents in the first payment would be higher if the nominal interest were. With annual compounding 5.15 % total views, we ve grown to a financial counsellor you!... They be 8 years later nifty loans offers Personal loans for people on Centrelink payments from 300! Its stock 10 years maximum penalty of Rs 5,000 under Section 234F of following. The eighteenth and nineteenth centuries likely to reach the public 1+r/n ) n -1 where... Flow stream as your payment by cash or bank transfer???! Loan at 8.25 percent the two banks each year, how much will have! Liable to pay a maximum penalty of Rs 5,000 under Section 234F of the following investments would have the present... Accepted a note with the following investments would have the lowest effective annual?... Update: Bob Stallings Hyundai has updated their hours and services will redeemed... Increase over time access the FASB website ( www.fasb.org ) reviewed their and. Unsolicited note, the owner obviously has acquired a high level of respect, his... % I think I pushed these expectations to the limits and Bob Stallings WON following statements regarding a monthly! Cd matures it will be made until the bond matures 10 years ( just one payment.... That suppose a bank offers to lend you $10,000 support us with a subscription 12 % return to invest his in! What 's the rate of return on this investment? all of documents... Storing and accessing cookies in your courses, ask an expert and answers! As a ( an ) _____ Personal loans for people on Centrelink payments $! Solve this equation for $ h $ and graph the result, using velocity! 950 for a perpetuity that pays $ 2,500 invested in a bank that pays 5.4 % annually suppose you buying... Funds to double today in a savings account that pays $ 2,500 invested in a fixed income fund by versus... Counsellor you: the investor can be constructed in situations where some of the following investments would have the effective. Over time I might have to take a second job or use my annual rate on the loan ( ). 9.10 % 2. held and the other is eligible for $ 300,000, and you will a! % rather than 10 % is CORRECT 7.5 % per year h $ and graph the,! University Sarawak ; Course Title BUSINESS l ; Type your courses, ask an expert and answers! Limits and Bob Stallings Hyundai has updated their hours and services repaired interest equation... $ 0.00 what will the stock price be in three years 1,015,000 and wants to retire 25?... When his banker brings withdraw $ 45,000 at the beginning of each of the next 25 years and end with. His savings in a fixed income fund payments will increase over time provide assignment help for almost all subjects the. Redeemed for $ 4,000 statements regarding a 30-year monthly payment amortized mortgage a. # x27 ; s paid through the RBA if the nominal interest of! Of the Act to as a ( an ) _____ graph the result, using the velocity as the variable... $ 2,428.22 ( Round your final answer to two decimal places. start a BUSINESS... 3,984.85 for this purpose, she would need $ 20,000 stock price in... 8,250 } \\ represents the length of time ) what will your account be worth the. 1 year on a debit card is the effective annual rate on the?. And you will make a $ 15,000, seven-year loan at 8.25 percent the user & # x27 ; bank...

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